Brokerages Anticipate Presidio Inc (PSDO) Will Announce Earnings of $0.29 Per Share

Analysts expect Presidio Inc (NASDAQ:PSDO) to announce $0.29 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Presidio’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.27. Presidio posted earnings of $0.27 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The company is scheduled to issue its next earnings report on Thursday, May 10th.

According to Zacks, analysts expect that Presidio will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.32. For the next fiscal year, analysts expect that the company will report earnings of $1.58 per share, with EPS estimates ranging from $1.56 to $1.60. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Presidio.

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Presidio (NASDAQ:PSDO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Presidio had a return on equity of 9.62% and a net margin of 4.11%. The company had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $742.74 million.

Several analysts have commented on the stock. JPMorgan Chase lowered shares of Presidio from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Friday, February 9th. Evercore ISI set a $19.00 price objective on shares of Presidio and gave the stock a “buy” rating in a report on Monday, December 11th. Wells Fargo set a $21.00 price objective on shares of Presidio and gave the stock a “buy” rating in a report on Friday, December 29th. BidaskClub lowered shares of Presidio from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of Presidio from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $18.50.

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp bought a new position in shares of Presidio during the second quarter valued at approximately $3,390,000. Susquehanna International Group LLP bought a new position in shares of Presidio during the third quarter valued at approximately $288,000. Swiss National Bank bought a new position in shares of Presidio during the fourth quarter valued at approximately $1,043,000. ArrowMark Colorado Holdings LLC increased its stake in shares of Presidio by 267.1% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,682,023 shares of the company’s stock valued at $89,754,000 after purchasing an additional 3,406,572 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of Presidio by 135.7% during the fourth quarter. Citadel Advisors LLC now owns 89,100 shares of the company’s stock valued at $1,708,000 after purchasing an additional 51,291 shares in the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.

Shares of PSDO opened at $15.55 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.94. Presidio has a one year low of $12.75 and a one year high of $19.74. The stock has a market capitalization of $1,429.74 and a price-to-earnings ratio of 311.00.

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Presidio Company Profile

Presidio, Inc is a United States-based company, which is an information technology (IT) solutions provider. The Company’s services include strategy and consulting, solutions design and deployment, managed services, asset maintenance and support, financing services, global services and carrier connectivity.

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